Whole Life Costing Awareness and Implementation Challenges in the Sri Lankan Construction Industry

Abstract

Construction industry is highly demanding, especially with regard to the project cost as a significant aspect. However, more informed cost advice can be produced considering the project’s life cycle that begins with the conception and ends with its disposal instead of using a conventional initial capital cost basis. Thus, Whole Life Costing (WLC) and Life Cycle Costing (LCC) concepts are essential. Though many LCC research studies exist, WLC studies are minimal in the Sri Lankan construction industry context. Therefore, this study aims to explore WLC awareness and implementation challenges in the Sri Lankan construction industry. A literature review was conducted to search for the concepts. Empirical data were gathered using questionnaires by implementing a quantitative survey strategy. Findings depict that the awareness of WLC in the Sri Lankan construction industry is poor, preventing its benefits. Moreover, this research identified difficulty in identifying includes and excludes for calculating WLC, lack of details at early stages, lack of awareness of WLC benefits, lack of understanding of WLC tools, lack of reliable data and lack of expertise/knowledge on WLC as the primary challenges in implementing WLC in the Sri Lankan construction industry. Therefore, these challenges must be mitigated for the beneficial WLC implementation in the Sri Lankan construction industry while enhancing awareness and knowledge of the WLC concept among professionals, especially quantity surveyors, to facilitate responsible initiation of WLC practices in the Sri Lankan construction industry.